Taxes
The Good News And Bad News About The Home Office Deduction
Have you and your employees been locked down at home and working remotely over the past six months? Then I have some good news about the home office tax deduction. And some bad news. First, the good news. If you're self-employed or an... Continue
A Small Business Owner’s Guide to Business Expenses
What do printer ink, client lunches and shipping costs all have in common? They're business expenses—the costs incurred while operating your business. And, as long as you run a for-profit company, you can deduct many of these expenses... Continue
What Money Is Tax Free?
As a small business owner, when tax season arrives each year, you may feel a mix of dread, apprehension, and stress, but it doesn't have to be this way. You can ease these symptoms by gaining a clearer understanding of what you owe for... Continue
This is a Tax Deduction Every Small Business Owner Will Hate to Take this Year
Sometimes business owners have accounts receivable that will never be paid. They may also have inventory that they never use. If this feels like a loss, it's because it is. Most small business owners want to reduce taxable income... Continue
15 Things You Didn’t Know About Travel and Entertainment Tax Deductions
[This article has been updated to reflect the new tax law that went into effect on January 1, 2018] You took a few trips last year and now that it's tax time, you're deducting all of your travel expenses because it's all cool, it's all... Continue
5 Really Dumb Ways to Save Money On Your Taxes
[This article has been updated to reflect the new tax law that went into effect on January 1, 2018] If you want to save money for your business, there are plenty of legitimate ways to save money on taxes. Unfortunately, some business... Continue
7 Myths About the Research and Development Tax Credit for Small Business Owners
[This article has been updated to reflect the new tax law that went into effect on January 1, 2018] The Research and Development Tax Credit (sometimes called Research and Experimentation, or just the R&D Tax Credit) is a business... Continue